XML 40 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Unaudited)
 12 Months Ended
Sep. 29, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
QUARTERLY FINANCIAL DATA (UNAUDITED) 
 
 
Fiscal Year 2017
(In millions, except per share amounts)
 
First
Quarter (1)
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (2)
 
Total
Year
Total revenues
 
$
611.8

 
$
655.0

 
$
662.4

 
$
739.0

 
$
2,668.2

Gross margin
 
$
275.7

 
$
275.3

 
$
293.3

 
$
311.3

 
$
1,155.6

Net earnings from continuing operations
 
$
14.5

 
$
69.3

 
$
90.6

 
$
82.7

 
$
257.1

Net earnings (loss) from discontinued operations
 
$
6.5

 
$
(13.3
)
 
$
—

 
$
—

 
$
(6.8
)
Net earnings attributable to Varian
 
$
20.4

 
$
56.1

 
$
90.4

 
$
82.7

 
$
249.6

Net earnings (loss) per share attributable to Varian – basic:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.15

 
$
0.75

 
$
0.99

 
$
0.90

 
$
2.78

Discontinued operations
 
$
0.07

 
$
(0.15
)
 
$
—

 
$
—

 
$
(0.08
)
Net earnings per share - basic
 
$
0.22

 
$
0.60

 
$
0.99

 
$
0.90

 
$
2.70

Net earnings (loss) per share attributable to Varian – diluted:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.15

 
$
0.74

 
$
0.98

 
$
0.89

 
$
2.75

Discontinued operations
 
$
0.07

 
$
(0.14
)
 
$
—

 
$
—

 
$
(0.07
)
Net earnings per share - diluted
 
$
0.22

 
$
0.60

 
$
0.98

 
$
0.89

 
$
2.68

 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year 2016
(In millions, except per share amounts)
 
First
Quarter
 
Second
Quarter 
 
Third
Quarter
 
Fourth
Quarter
 
Total
Year
Total revenues
 
$
615.8

 
$
615.2

 
$
642.9

 
$
747.2

 
$
2,621.1

Gross margin
 
$
252.5

 
$
258.1

 
$
283.5

 
$
318.8

 
$
1,112.9

Net earnings from continuing operations
 
$
71.9

 
$
77.2

 
$
81.9

 
$
94.3

 
$
325.3

Net earnings from discontinued operations
 
$
17.1

 
$
19.8

 
$
17.0

 
$
23.5

 
$
77.4

Net earnings attributable to Varian
 
$
89.0

 
$
97.0

 
$
98.8

 
$
117.5

 
$
402.3

Net earnings per share attributable to Varian – basic:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.74

 
$
0.81

 
$
0.86

 
$
1.00

 
$
3.41

Discontinued operations
 
$
0.18

 
$
0.20

 
$
0.18

 
$
0.25

 
$
0.81

Net earnings per share - basic
 
$
0.92

 
$
1.01

 
$
1.04

 
$
1.25

 
$
4.22

Net earnings per share attributable to Varian – diluted:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.74

 
$
0.80

 
$
0.86

 
$
1.00

 
$
3.39

Discontinued operations
 
$
0.17

 
$
0.21

 
$
0.18

 
$
0.24

 
$
0.80

Net earnings per share - diluted
 
$
0.91

 
$
1.01

 
$
1.04

 
$
1.24

 
$
4.19



(1) 
In the first quarter of fiscal year 2017, net earnings from continued operations includes a $38.3 million impairment charge related to its Original CPTC Loans and a $37.8 million allowance for doubtful accounts from CPTC and another proton center.
(2) 
In the fourth quarter of fiscal year 2017, net earnings from continued operations includes a $13.1 million impairment charge related to its Original CPTC loans.